Dudley & Shanley Inc. Has $15.58 Million Position in The Charles Schwab Co. (NYSE:SCHW)

Dudley & Shanley Inc. grew its position in shares of The Charles Schwab Co. (NYSE:SCHW) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 240,383 shares of the financial services provider’s stock after purchasing an additional 4,900 shares during the quarter. Charles Schwab makes up 2.4% of Dudley & Shanley Inc.’s holdings, making the stock its 20th biggest holding. Dudley & Shanley Inc.’s holdings in Charles Schwab were worth $15,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Washington Trust Advisors Inc. increased its stake in shares of Charles Schwab by 62.6% in the third quarter. Washington Trust Advisors Inc. now owns 387 shares of the financial services provider’s stock valued at $25,000 after buying an additional 149 shares during the period. Capital Performance Advisors LLP acquired a new stake in Charles Schwab during the 3rd quarter valued at approximately $25,000. American Capital Advisory LLC bought a new position in Charles Schwab during the 2nd quarter worth approximately $27,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Charles Schwab in the 2nd quarter worth approximately $29,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of Charles Schwab in the 3rd quarter valued at $31,000. 84.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SCHW has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Charles Schwab from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Morgan Stanley boosted their price objective on Charles Schwab from $68.00 to $74.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their target price on Charles Schwab from $84.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Citigroup dropped their price target on Charles Schwab from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Finally, Cowen lifted their price objective on shares of Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $80.50.

Charles Schwab Stock Up 0.5 %

Charles Schwab stock traded up $0.40 during midday trading on Monday, hitting $74.71. 6,596,744 shares of the stock were exchanged, compared to its average volume of 8,080,357. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $132.96 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.76 and a beta of 0.96. The Charles Schwab Co. has a 52-week low of $59.67 and a 52-week high of $83.35. The business’s 50-day moving average price is $76.77 and its 200-day moving average price is $70.54.

Charles Schwab (NYSE:SCHW) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.02. Charles Schwab had a return on equity of 16.92% and a net margin of 27.47%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that The Charles Schwab Co. will post 3.12 EPS for the current fiscal year.

Charles Schwab Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date was Friday, November 8th. Charles Schwab’s dividend payout ratio is 39.06%.

Insider Buying and Selling at Charles Schwab

In other news, insider Nigel J. Murtagh sold 12,739 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $81.17, for a total transaction of $1,034,024.63. Following the sale, the insider now directly owns 59,092 shares in the company, valued at $4,796,497.64. This represents a 17.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jonathan S. Beatty sold 2,300 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $82.01, for a total transaction of $188,623.00. Following the completion of the sale, the insider now owns 18,069 shares in the company, valued at $1,481,838.69. This represents a 11.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 118,968 shares of company stock worth $8,842,821 over the last three months. 6.60% of the stock is currently owned by insiders.

About Charles Schwab

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.